Blog :: 2019

Stuart Halbert Sweeps 2019 Sales Awards

At Bahamas Realty’s 70th Anniversary Christmas Luncheon and Awards Banquet, Broker Stuart Halbert was the man of the hour, achieved the coveted award of The Top Producing Agent during the past year as well as the Top Exclusive Sales Agent. He also won the Most Improved Sales Agent Award, “In recognition of an agent who has achieved exceptional sales performance year over year.” “Winning any one of these awards is quite an achievement. Winning all three of them is exemplary,” said Bahamas Realty CEO Donnie Martinborough, who cited Stuart’s work ethic and commitment to excellent service for his clients.

A nineteen-year veteran, Halbert received his award at a company dinner at Luciano’s Restaurant where other awards were presented to Sonya Alvino for securing the highest number of exclusive listings and Brian Austin for the most rentals of all agents and brokers in the company.

For the first time, The Employee of the Year award, chosen from the salaried employees of the company was a tie going to Jillien Mortimer, Commercial Assistant, and for the second year in a row to accountant Krystal Antonas.

NAI Bahamas Realty Commercial Sells Former RBC FINCO Building

NASSAU, BAHAMAS – November 1, 2019 – NAI Bahamas Realty Commercial, the commercial division of Bahamas Realty Ltd. and a member of NAI Global, announced today that it represented the sale of the former RBC FINCO Building. The property will be utilized by a local retail bank. Commercial Broker, Larry Roberts negotiated the sale of the former bank.

“This sale is the latest of several recent major transactions we’ve represented in Nassau,” said Donnie Martinborough, CEO of Bahamas Realty & NAI Bahamas Realty Commercial. “This trend demonstrates a clear demand for commercial space in the capital.”

The purpose built RBC building is located on the Northeast corner of Robinson Rd. and Key West St., a high traffic location with excellent visibility. The 6,499 SF building is designed for security with separate front office and secure warehouse sections, and features a drive-thru facility.

About NAI Bahamas Realty Commercial. NAI Bahamas Realty Commercial, an exclusive member of NAI Global, is a corporate real estate services company dedicated to offering the finest commercial real estate and property management services in The Bahamas. It is the commercial division of Bahamas Realty Limited, a full service real estate company established in 1949 offering a full range of services for both residential and commercial properties.

We're Hiring - Marketing & Administrative Assistant

Marketing & Administrative Assistant – Real Estate

Marketing & Administrative assistant needed for a top-ranking Real Estate company in Nassau. This role offers the opportunity for a broad range of marketing and administrative responsibilities providing support to the Marketing Department and the real estate office. This position requires creativity, social media and technology support, strong attention to detail, outstanding customer service skills and provides the chance to support a dedicated and enthusiastic group of professionals.

Application deadline: November 12, 2019.

Download the job description below

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Marketing & Admin Assistant Job Description

 

HURRICANE DORIAN - Disaster Relief

imageHurricane Dorian struck the Abaco Islands on Sunday August 31, 2019, followed by Grand Bahama, as the strongest landfalling Atlantic hurricane in recorded history, with historic 185 mph winds and up to a 23 ft. storm surge. The storm has left the country in a state of shock and Abaco and Grand Bahama – where the eye made landfall – completely devastated.

While the full scope of the damage has yet to be determined, outpourings of concern and offerings of assistance have come in from every island and many other countries. The capital of New Providence was spared the brunt of the storm and relief efforts are already being organized on the island. Bahamas Realty is currently assisting with packing bags with supplies to go out to the people of Abaco and Grand Bahama.

We will also support the long-term efforts of the Rotary Clubs of The Bahamas in rebuilding our beautiful islands. If you would like to help, monetary donations are being accepted by The Bahamas Rotary Clubs and Rotary International.

YOUR HELP IS NEEDED

Please click on the attached document for information on how to contribute.

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Larry Roberts Appointed Director of the Bahamas Property Fund (BPF)

Larry RobertsWe are pleased to announce that Larry Roberts, NAI Bahamas Realty Commercial consultant & broker, has been appointed Director of the Bahamas Property Fund (BPF). Congratulations Larry Roberts!

Mr. Roberts is a past president of The Bahamas Real Estate Association and a member of the Society of Industrial & Office Realtors (SIOR). Mr. Roberts recently retired as the CEO of Bahamas Realty Ltd./NAI Bahamas Realty Commercial and continues to specialize in the sale and lease of commercial property throughout the Bahamas at NAI Bahamas Realty Commercial.

Read more about the appointment here: https://bit.ly/2MTIbDV

NAI Bahamas Realty Commercial negotiates major lease of New Corporate Center.

Ground Breaking at Caves Corporate Center. L-R: Larry Roberts, Consultant/Director, Bahamas Realty; Toby Hayes, Development Mana

NASSAU, BAHAMAS – August 7, 2019 – NAI Bahamas Realty Commercial, the commercial division of Bahamas Realty and a member of the world’s premier managed network of commercial real estate firms, announced today a lease at the new Caves Corporate Center making Ernst & Young (EY), the anchor tenant of the western 25,000 square foot office building

Caves Corporate Center is currently under construction by Mosko United Construction Company Limited on the corner of West Bay Street and Blake Road. Only the 7,000 sq. ft. ground floor remains available for rent, represented by NAI Bahamas Realty Commercial.

“We’re pleased to have had a hand in helping EY find a new location for their offices in the fast-growing Western district of New Providence,” said Donald Martinborough, CEO of NAI Bahamas Realty Commercial. “This is a great location for this prestigious firm.”

The office is one of two buildings being built next to Caves Village which houses numerous restaurants, shops, a fitness centre, childcare facilities, businesses and banking facilities. In addition to the many residential developments nearby, including the Caves Point and Caves Heights residences, Blake Road has seen an increase in commercial office development and has become the hub of medical services in the west.

“This lease is the latest of several recent major transactions we’ve represented in the Capital,” said Martinborough. “We’re seeing a trend of businesses seeking locations which suit their employee’s lifestyle and taking into consideration nearby amenities and services that appeal to their workforce when making the decision to move or expand. This trend mirrors what is happening globally and shows positive growth in the Bahamian business sector.”

Realtor Teams With RBC For Hot Summer Homes

A Bahamian realtor has partnered with Royal Bank of Canada (RBC) to launch a two-month promotion that pledges to deliver a 48-hour turnaround on buyer financing approvals.

Monica Knowles, property specialist with Bahamas Realty, explained that the tie-up with RBC’s BISX-listed mortgage arm, FINCO, was designed to stimulate market activity during the traditionally slower summer months by cutting down the time associated with real estate purchases.

“Summer is traditionally a slower time for both the local housing market and second home buyers,” Ms Knowles. “While summer is slower, the reality is that the offerings of new residential properties, especially condominiums, has never been greater so I wanted to find a way to incentivise those who were thinking of looking to start their search now rather than waiting.

The campaign, which is being launched under the tag-line, Hot Summer Homes, twice the power, half the time, will last for two months until August 31. By providing an online link to gain pre-approval, it reduces the time for processing applications through a pledged 48-hour or two business day turnaround on mortgage approval requests.

The initiative also offers up to 95 percent financing, competitive interest rates for local and foreign buyers, and financing for work permit holders. It is being marketed via an aggressive social media campaign, database mining and personal calls on developers.

“We have an unprecedented abundance of new residential offerings – condominiums, single family residences, vacation homes, investment properties,” said Ms Knowles. “New developments include Sterling Hurricane Hole’s exciting project, the super-luxury beachfront high-rise condos of the Residences of Goldwynn, One Cable Beach next to Baha Mar, and ONE Ocean and THIRTY SIX, both on Paradise Island.

“And that is just New Providence. Add in Family Islands and private islands, and I don’t think there has ever been a time when there was a greater supply of new and diverse offerings. We want to ensure interest remains high and that buyers are empowered with an experienced partnership that adds value, convenience and strengthens ownership potential.”

“As a trusted partner in the Bahamian community, RBC Royal Bank and our mortgage bank, FINCO, is committed to increasing the opportunity for home ownership,” said Ericka Rolle, RBC FINCO’s managing director.

“When we hear a solid idea that has merit and increases the opportunity for more people to enjoy ownership or to move up the property ladder, we are happy to partner. Monica put a lot of thought into this project and we are very pleased to lend our support.”

Link: http://www.tribune242.com/news/2019/jul/08/realtor-teams-with-rbc-for-hot-summer-homes/

Leading real estate firm: East Bay Street Commercial Bounces Back, Hottest Property on Island

houseNASSAU, BAHAMAS – 05/20/2019 – Bahamas Realty’s commercial division, NAI Bahamas Realty Commercial, announced today that it has been selected to represent the sale of an iconic East Bay Street office complex.

The property located at 23 East Bay St., known as Bydand House, is a functional office complex in a high-traffic, secure location. The prospect represents an attractive investment opportunity with consistent occupancy rates and good tenants.

“In the last few years and, in particular, the last few months we have seen more activity and commercial interest in the eastern district, and the Montagu area in particular, than we had seen for quite a while,” said Bahamas Realty CEO Donnie Martinborough, whose company has had a stately presence in the historic Bahamian building for more than 40 years. “Even we at Bahamas Realty are caught up in the exciting changes with our own office building on the market to sell while Montagu is enjoying a resurgence in commercial development.”

“As both tenants of the building, as well as being the leading commercial real estate firm on the island, we are in a unique position to broker the sale of Bydand House.” Said Martinborough. “We are confident that we will find the right buyer.”

The 1.46 Acre property is situated in an established business district in the Eastern District of New Providence and includes 6,484 SF of office space in the main building with two additional income producing annex buildings and more than ample room for building expansion.

The Montagu area is experiencing a dramatic lift in development. A 100-plus-year-old home has been renovated, transforming it into the wildly popular Wild Thyme restaurant. Almost directly next door, Harbour Bay Shopping Centre, home to Starbucks and Fresh Market, has become a destination shopping plaza, with the parking lot often packed to capacity.

In December the former UBS building, purchased by government, became home to the Securities Commission of The Bahamas, the Compliance Commission and the Data Commissioner among others, giving East Bay St. the pleasure of enjoying a commercial rebound.

While all the activity has been on the south side of the street to date, a new restaurant at the Nassau Harbour Club that has been under construction and under wraps for more than two years is expected to open soon, and renovation is also underway at the currently-closed Waterloo nightclub on East Bay St.

“We have never lost faith in the strength of the east,” said Martinborough. “And with all of the recent activity in the area we recognise this as a great opportunity for investors or businesses looking to expand in a growing market.”

Link: https://buildout.com/website/BydandHouse